APEC summits focus on economic agendas, but at the same time they somehow serve as a political buffer which stresses broad cooperation and compromise throughout the region.
Chinese President Hu Jintao on Friday held talks with Russian President Vladimir Putin and other leaders attending the annual APEC forum.

Backgrounder: Basic facts about APEC
  • ·A series of Asia-Pacific Economic Cooperation (APEC) meetings are currently underway in Vladivostok, the largest city in Russia's Far East.
  • ·APEC is a forum which facilitates economic cooperation among 21 nations and regions in Asia-Pacific.
  • ·With its 21 members accounting for around 50 percent of the world's total GDP, and 40 percent of both the world's population and world trade.